Marsico Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 19,000 shares of the transportation company’s stock, valued at approximately $3,054,000.
Other large investors also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at $27,000. Western Pacific Wealth Management LP bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at $36,000. Hantz Financial Services Inc. boosted its stake in C.H. Robinson Worldwide by 56.2% during the fourth quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock valued at $37,000 after buying an additional 82 shares during the period. Clearstead Advisors LLC boosted its stake in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares during the period. Finally, Park Place Capital Corp bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at $39,000. Institutional investors own 93.15% of the company’s stock.
C.H. Robinson Worldwide Trading Up 3.4%
Shares of CHRW stock opened at $191.19 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average price of $175.94 and a two-hundred day moving average price of $173.98. C.H. Robinson Worldwide, Inc. has a 12-month low of $92.36 and a 12-month high of $203.34. The firm has a market cap of $22.54 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 1.60 and a beta of 0.91.
C.H. Robinson Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is 51.01%.
Wall Street Analyst Weigh In
CHRW has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Bank of America dropped their price objective on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research note on Friday, March 27th. JPMorgan Chase & Co. lifted their price objective on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a research note on Friday, May 1st. Finally, Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Seventeen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.65.
View Our Latest Stock Analysis on C.H. Robinson Worldwide
C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.
The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.
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